Jaime Sturgis & Alex Jones Acquire Retail Property On E Sunrise Blvd In Fort Lauderdale For $2.47M
1914 East Sunrise Boulevard, Fort Lauderdale, Florida 33304, United States
$2,469,770
$292/SF
Building Size
8,434 SF
Asset Type
Retail
Closing
Jan 18, 2022
About this deal
AI
A retail property located at 1900-1914 E Sunrise Blvd in Fort Lauderdale, FL has been sold for a price of $2,469,770. The property spans a total area of 8,434 square feet, resulting in a price per square foot of $292.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,469,770
- Address: 1900-1914 E Sunrise Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Jaime Sturgis & Alex Jones
- Seller: Michael P Korotkin & Mark Sherman & Lillian Horowitz
- Square Footage: 8,434
- Price per Square Foot: $292
Jaime Sturgis and Alex Jones were the buyers in this transaction, while Michael P Korotkin, Mark Sherman, and Lillian Horowitz were the sellers.
On the Map
$2,469,770
$292/SF
Retail
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Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.42%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93